Australian Bureau of Statistics
1352.0.55.067 - Research Paper: Exploring Hedonic Methods for Constructing a House Price Index (Methodology Advisory Committee), Nov 2004
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/07/2006 First Issue
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The construction of House Price Indexes (HPI) for Australian capital cities poses particular difficulties. Because the same houses are rarely sold in successive quarters, conventional price methods based on matched samples cannot be applied. Furthermore houses are heterogeneous goods in terms of location and other characteristics. Quarterly changes in price indexes could therefore be driven by compositional change rather than underlying price movements.
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This page last updated 18 August 2006